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Made By : Karan Virmani Class : XI B

It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services.98 mm (3. .125 in) (33/8 × 21/8 in) in size. subject to interest being charged. Most credit cards are issued by banks or credit unions. This is defined as 85. credit cards allow the consumers a continuing balance of debt. and are the shape and size specified by the ISO/IEC 7810 standard as ID-1. In contrast.INTRODUCTION A credit card is a small plastic card issued to users as a system of payment. A credit card is different from a debit card: a debit card requires the balance to be paid in full each month. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.370 × 2.60 × 53.

San Francisco Bay Area Rapid Transit installed a paper based ticket the same size as the credit cards in the late 1960′s. Debts were settled by one-third cash and two-thirds bill of exchange. To know about the functions of different Banks Background Information: History of credit cards: Credit was first used in Assyria. Paper money followed only in the 17th century. To find the popularity of credit cards in India. The first use of magnetic stripes on cards was in the early 1960′s. the first ―plastic money‖. 4. . The first advertisement for credit was placed in 1730 by Christopher Thornton. To know the history of credit cards. From the 18th century until the early part of the 20th. But it was only until the establishment of standards for the magnetic strip in 1970 that the credit card became part of the information age. It could only be used in the shops which issued it. 2. The first credit card: In 1950. who offered furniture that could be paid off weekly.Objectives: 1. To know about different types of credit cards. Diners Club issued the first credit card to 200 customers who could use it at 27 restaurants in New York. Babylon and Egypt 3000 years ago. a shopper’s plate – a ―buy now. tallymen sold clothes in return for small weekly payments. One side of the stick was marked with notches to represent the amount of debt and the other side was a record of payments. pay later‖ system – was introduced in the USA. Diners Club and American Express launched their charge cards in the USA. 3. In the 1920s. In 1951. when the London Transit Authority installed a magnetic stripe system. The bill of exchange – the forerunner of banknotes – was established in the 14th century. They were called ―tallymen‖ because they kept a record or tally of what people had bought on a wooden stick.

and other rewards to cardholders. 1. Standard Credit Cards: The most common type of credit card allows you to have a revolving balance up to a certain credit limit. zero percent interest cards. Premium Credit Cards: These cards offer incentives and benefits beyond that of a regular credit card. The balance on a charge card must be paid in full at the end of each month. Examples of premium credit cards are Gold and Platinum cards that offer cash back.Types of credit cards: Since each consumer's financial needs are different. travel upgrades. it makes sense that there are different types of credit cards. 2. Premium cards can have higher fees and usually have minimum income and credit score requirements. become familiar with the various kinds of credit cards to make sure you're choosing the best credit card for you. Student credit cards. A finance charge is applied to outstanding balances at the end of each month. Before you apply for a credit card. Both standard credit cards and premium credit cards have specific types of credit cards. Credit is used up when you make a purchase and made available again once you've made a payment. Charge Cards: Charge cards do not have a credit limit. charge restrictions. Late payments are subject to a fee. . Charge cards typically do not have a finance charge or minimum payment since the balance is to be paid in full. reward points. or card cancellation depending on your card agreement. Credit cards have a minimum payment that must be paid by a certain due date to avoid late-payment penalties. and travel cards are just a few types available. 3.

There are standard business credit and charge cards available. Store credit cards and gas credit cards are examples of limited purpose credit cards. 7. Prepaid Credit Cards: Prepaid credit cards require the cardholder to load money onto the card before the card can be used. .4. Secured credit cards have revolving balances depending on the purchases and payments made. The credit limit on a secured credit card is equal to the amount of the deposit made. The credit limit does not renew until more money is loaded onto the card. 6. 5. They provide business owners with an easy method of keeping business and personal transactions separate. but are not tied to a checking account. Prepaid cards do not have finance charges or minimum payments since the balance is withdrawn from the deposit. Purchases are withdrawn from the card's balance. Prepaid cards are similar to debit cards. Business Credit Cards: Business credit cards are designed specifically for business use. Secured Credit Cards: Secured credit cards are an option for those without a credit history or those with blemished credit. Limited purpose cards are used like credit cards with a minimum payment and finance charge. Limited Purpose Cards: Limited purpose credit cards can only be used at specific locations. Secured cards require a security deposit to be placed on the card.

31 crore in Q2 September 2008 over Q2 September 2007. and representative offices in Bangladesh. NSE. the Bank is targeting the NRI (Non-Resident Indian) Population in Particular. ICICI reported a 1. It is the second largest bank in India and the largest private sector bank in India by market capitalization. branches and representatives offices in 19 countries.29% increase in total income to Rs.016 branches (as on 31 March 2010) and about 5.15% rise in net profit to Rs. 9. its ADRs trade on the New York Stock Exchange (NYSE). This includes wholly owned subsidiaries in Canada. Kolkata and Vadodara .ICICI Bank's shares are listed on the stock exchanges at BSE. Russia and the UK(the subsidiary through which the HiSAVE savings brand is operated). The bank's CASA ratio increased to 30% in 2008 from 25% in 2007. ICICI ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is a major banking and financial services organization in India. 1. Malaysia. . ICICI Bank nowhas wholly-owned subsidiaries. venture capital and asset management. branches in Belgium.014. an advisory branch in Dubai.) ICICI Bank is also the largest issuer of credit cards in India.ABOUT BANKS 1. (These data are dynamic. The bank also has a network of 2. Indonesia. Thailand. the United Arab Emirates and USA. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialization subsidiaries and affiliates in the areas of investment banking. China.219 ATMs in India and presence in 18 countries. The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. Overseas. Hong Kong and Sri Lanka. offshore banking units in Bahrain and Singapore. life and non-life insurance.712. including an offshore unit in Mumbai. as well as some 24 million customers (at the end of July 2007). South Africa.21 crore on a 1.

The State Bank Group has the largest banking branch network in India. Chennai (Tamil Nadu). As of March 2012. Bhopal (Madhya Pradesh) & Ahmedabad (Gujarat) and 57 Zonal Offices that are located at important cities throughout the country. It is a state-owned corporation with its headquarters in Mumbai. the other two being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). it had assets of US$360 billion and 14. Patna (Bihar). SBI has 14 local head offices situated at Chandigarh (Punjab & Haryana). was established on 2 June 1806. . through the Imperial Bank of India. SBI has 21. Mumbai (Maharashtra). with the Reserve Bank of India taking a 60% stake. the government took over the stake held by the Reserve Bank of India. All three Presidency banks were incorporated as joint stock companies and were the result of the royal charters. Guwahati (North East Circle). The roots of the State Bank of India lie in the first decade of 19th century. a right they retained until the formation of the Reserve Bank of India. The Government of India nationalized the Imperial Bank of India in 1955. Lucknow (Uttar Pradesh). Hyderabad (Andhra Pradesh).[2] The State Bank of India is the 29th most reputed company in the world according to Forbes. Including the branches that belong to its associate banks. SBI is a regional banking behemoth and is one of the largest financial institutions in the world. assets and market capitalization.2. later renamed the Bank of Bengal. The bank traces its ancestry to British India. including products aimed at non-resident Indians (NRIs). Bengaluru (Karnataka).500 branches. when the Bank of Calcutta.119 branches. Kolkata (West Bengal). to the founding in 1806 of the Bank of Calcutta. including 173 foreign offices in 37 countries across the globe. SBI has been ranked 285th in the Fortune Global 500 rankings of the world's biggest corporations for the year 2012. which in turn became the State Bank of India. In 2008. Bhubaneswar (Orissa). State Bank Of India State Bank of India (SBI) is the largest banking and financial services company in India by revenue. Maharashtra.[3] Also.[1] SBI provides a range of banking products through its vast network of branches in India and overseas. and renamed it the State Bank of India. The Bank of Bengal was one of three Presidency banks. Delhi. These three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act. It has a market share among Indian commercial banks of about 20% in deposits and loans. Trivandrum (Kerala). SBI is the only bank featured in the coveted "top 10 brands of India" list in an annual survey conducted by Brand Finance and The Economic Times in 2010. making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks—Bank of Calcutta and Bank of Bombay—to form the Imperial Bank of India.

1006.926.30 crore (US$714. is capitalized to the extent of Rest.. The Bank. Maharashtra that was incorporated in August 1994. As on the year ended 31 March. As of 30 September 2008 the bank had total assets of Rs.3. General Insurance Corporation Ltd.399 cities in India. Life Insurance Corporation of India (LIC).37 billion and a net profit of 42. Axis Bank had an operating revenue of 134. The Oriental Insurance Corporation and United India Insurance Company UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. The bank was promoted by the Housing Development Finance Corporation.. as on 31st March. in 1. HDFC Bank HDFC Bank Limited is an Indian financial services company based in Mumbai. [1] Axis Bank (erstwhile UTI Bank) opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. Total annual earnings of the bank increased by 20.263.59 million). The first branch was inaugurated in April 1994 in Ahmedabad by Dr. 4. As on October 2012.42 billion. HDFC Bank is the fifth or sixth largest bank in India by assets and the first largest bank by market capitalization as of November 1. 2012. Maharashtra.82 billion. .08%. 2012.[3] For the fiscal year 2010-11.1% from the previous fiscal. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I). after the Government of India allowed new private banks to be established. then the Honorable Finance Minister. HDFC Bank has 2. up 33.544 branches and over 10.[4] HDFC Bank is one of the Big Four banks of India.42 billion) in 2010-11. Manmohan Singh. Axis Bank Axis Bank Limited is an Indian financial services firm headquartered in Mumbai. It had begun operations in 1994. ICICI Bank and Punjab National Bank. a premier housing finance company (set up in 1977) of India.37% reaching at 24. the bank has reported net profit of 3. The New India Assurance Company. along with: State Bank of India. 4.4 crore (US$4.132 billion with the public holding (other than promoters and GDRs) at 54. 2012. and all branches of the bank are linked on an online realtime basis.000 ATMs. National Insurance Company Ltd.

What is the name of the bank that issued your credit card ? 5. After taking a credit card is there any increase in your expenditure? a) Yes. 4. silver or classic) 6. c) 3. but one that I can control. What type of credit card do you use? (gold. b) No. . b) Yes. 3. d) More than 3.QUESTIONNAIRE: 1. What can you say about the credit card Interest rates? a) Same as usual. b) 2. platinum. 2. c) Often it is more. c) No way! d) Not sure. d) Often it is less. b) Don’t know. Would you give your teenage child their own credit card? a) Yes. How many credit cards do you have? a) 1.